Introducing Chaotic by Linear Finance

Linear Finance introduced Chaotic, a Community-driven delta-one asset protocol on Moonriver.

Chaotic will allow users to trade long and short positions of their favorite tokens with up to four times leverage. Yes, you read that right, 4x leverage!

A separate post of the precise distribution and metrics of the $CHAOS token will be released in the coming weeks. In the meantime, they want the Linear Community to know that the distribution of $CHAOS will be based on a historically time-weighted average of the debt you’ve held in Buildr.

When they say run by the Community they mean it. $CHAOS will also serve as Chaotic’s governance token and essential aspects of the protocol will be voted on and decided by Chaotic’s users.

These include the likes of:

• P-ratio
• Asset listings
• Leverage levels
• Rewards

🔹Why Moonriver/Moonbeam?

The team wanted to build on Kusama and Polkadot from the very beginning. The question was through which Parachains? And after doing some thorough research, it became obvious there was only one option for them: Moonriver/Moonbeam.

There are many reasons behind our decision: Ethereum compatibility, an innovative and fast-paced network, a full set of developer tools, among many others. Most importantly, they believe in the team and their tireless efforts. It comes as no surprise that Moonriver is one of the most active DeFi ecosystems on the Kusama Network and they are proud to have set sail on this journey alongside partners at Moonriver.

About Linear Finance

Linear Finance is a cross-chain compatible, decentralized delta-one asset protocol that allows users to get synthetic exposure to various assets, including cryptocurrency, commodities, and market indices. Users can utilize our cross-chain swap functionality to instantly swap assets across leading blockchain environments and DeFi protocols with unlimited liquidity and zero slippage.

📰 INFO

https://medium.com/linear-finance/introducing-chaotic-c63d71d37125